DOJ and SEC Investigate Apple for Slowing Down iPhones

Apple launched the iPhone X in United States at $999 for the 64GB variant and the 256 GB for $1,149. A leading Apple analyst says that Apple's resources may be stretched too thin to come out with a successor to its tiniest iPhone.

"The full results for the last quarter of the year show that Apple's decision to release three newhandsets over a staggered period, including the ultra high-end iPhone X, has been a sound one".

With components deliveries delayed, Apple had struggled to keep up with demand for the iPhone X immediately after its launch.

A day later, one of Apple'siPhone X suppliers went on record to say the order cuts aren't "that great".

There have been rumors swirling about the iPhone SE getting an update sometime in 2018, but KGI Securities analyst Ming-Chi Kuo has thrown some cold water on those fires. The feds have asked Apple for information about its iPhone slowdowns, unnamed sources "familiar with the matter" told the news outlet.

Applesaid that it planned to release a new software update that would allow iPhone users to turn off the feature that diminished performance later this spring. The smartphone is the first of its kind for Apple that includes an organic light-emitting diode display.

Privately Apple believe that the development of their own processors which they believe will be superior to offerings from Intel and Qualcomm will give them a distinct advantage over arch rival Samsung.

The iPhone X has not performed as well as Apple thought it would.

Apple's shares fell more than 2 percent in the early trading in NY.

With this in mind, Nikkei also notes that Apple is now considering to lower the production of iPhone models with OLED displays and boost the production of iPhone models with LCD displays.

AAPL stock tumbled by about 2% to as low as $167.07 in intraday trading on Monday, which represents its lowest level in at least a month.